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Solidigm partners with global banks for US IPO
Solidigm, a subsidiary of the chip industry giant SK Hynix of Korea, has selected a group of major investment banks, including Goldman Sachs and Morgan Stanley, to manage its highly anticipated initial public offering (IPO) in the U.S. market in 2027. The IPO is expected to raise around $10 billion, with an estimated valuation of up to $100 billion. This move comes as the company seeks to increase its funding and strengthen its competitive position, while negotiations with financial backers continue to facilitate the listing process. Meanwhile, the company is exploring other options to enhance its financial preparations and restructuring details.
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